Tax Residence: Common Reporting Standard for Automatic Exchange of Information

Under the new Common Reporting Standard (CRS) Legislation, Christian Savings is required to collect a self-certification form for each of our clients.
The CRS requires New Zealand Financial Institutions to collect information about customers and their countries/jurisdictions of tax residence. This information is referred to as a customer’s self-certification.

If you are a tax resident in a country with which New Zealand has signed a tax residence agreement or has an arrangement, we will have to disclose some of your account information to the IRD.

You may wish to refer to:

  • The OECD website to determine whether you are a tax resident
  • The IRD website for more information on sharing information and Automatic Exchange of Information (AEOI)
  • This helpful video on why New Zealand banks and financial institutions are collecting this information and how AEOI works

Personal information gathered on tax residency forms will be held securely by Christian Savings and in accordance with any applicable provisions of the Privacy Act 1993. Certain information may be released to the Inland Revenue to comply with tax requirements. You have the right to access your information that we hold at any time and correct it.

If you have any other questions on tax residency or the common reporting standard please contact our team on 0508 SAVING (728 464) or info@christiansavings.co.nz

Christian Savings customers can complete their tax residence details here